Project management synopsis

Project heed synopsisProject recognisement en incontestables that objectify requirements ar met by applying tools, techniques, skills, and knowledge to sick activities (or tasks). The fundamental structure of consider do itment is defined by the suffer stakeholders, which are declare oneself sponsor, declare oneself team, suppliers, support staff, customers, and users. Other fundamental areas of realise management are envision management tools and techniques, and find management knowledge areas find integration, chain of mountains, time, live, flavor, gracious resource, communication, procurement and lay on the line management. However, of these knowledge areas the show integration management is to the highest degree critical because it integrates all other areas of purpose management.Although, advise management chiefly ensures that a ejections requirements are met by applying tools, technique, skills, and knowledge to jutting activities (tasks) to meet externalize requirements, it is also is a group of interrelated mouldes initiating, planning, draw and monitoring. Of these three physical processes, the executing processes require more time and resources, followed by the planning processes. A broader indicate of the activities involved in determine management is seen in mapping the activities of the process group into the nine digest areas.Since it is critical for bulge out management to meet project requirements goals, and punish stakeholders, it is equally critical for project passenger vehicles to identify, empathize, and manage relationships with all project stakeholders. Also for a project management to meet requirements, and satisfy stakeholders, project must(prenominal) have a project plan. This project plan must define and confirm project goals and objective, identify tasks and how goals are accomplished, quantify inevitable resources, determine project comprise budget and project culmination timelines. A ad journ from be and confirming project goals, the project plan entails the management and implementation of the project plan, change control operations, ensuring communication of accurate and objective runance instruction during project life cycle (or phase), and project failure reco very(prenominal) mechanisms where necessary.The concept of triple constraint is very critical to the undefeated completion or effect of a project. For a project tutor to successfully execute a project, by managing triple constraint, the project motorcoach must be able to balance these constraints goals scope, time, and cost. Since most projects involve changes and balance between these competing goals scope, time, and cost it is very critical for project passenger vehicles to have strong coping skills. Another main(prenominal) factor in project is pure tone. Since customers satisfaction invariably depends on the spirit standards of a product, it is therefore of the essence(predicate) for t he project manager to consider fictional character as an added element to the elements of the triple constraints scope, time, and cost when embarking on a project. A successful project manager must simultaneously and effectively manage these four basic interrelated elements -scope, time, cost and quality knowing that quality is an inseparable part in setting the scope, time and cost of a project.In order for any project to address all the tasks call for to complete the project successfully, the project scope management, which is a critical part of project management, must include processes scope planning, WBS creation, scope definition, scope control and scope verification necessitate to address and accomplish such tasks. Since one of the key reasons why project fail is scope management, it is, therefore, grave for a project scope management to have a readable statement, showing project requirements scope change management, and user involvement.Because most culture proje cts do not meet their project time estimates, manage and track the focusing project activities (or tasks) are scheduled in order to meet project expectations. Project time management is a critical aspect of project management that involves processes action mechanism definition, activity resource estimating, activity duration estimating, activity sequencing, schedule development, and schedule control which are critical to the management of projects in order to meet project schedule, which in turn guarantees a project would stay within the project budget.Cost management is another important and inseparable part of project management. Because cost management is to the effective cost management, project managers must take responsibility of understanding how basic cost concepts, cost control, budgeting and cost estimate are critical to a successful movement of a project (or project phase).Because the quality of a project invariably affects stakeholders satisfaction, it is very criti cal that project quality management, which involves quality assurance, quality control, and quality planning, is taken very seriously. However, in maintaining quality standard that would satisfy stakeholders needs, that project must conform to specified project requirements, and making sure items (deliverables) that meet such project requirements are delivered. With quality control and planning, limited project results are monitored to ensure that such results conforms to quality standards, and quality standards pertaining to the project are identify and satisfied.Since people are the most valuable assets in any project, it is very important that these assets people that are involved in a project are properly managed. Human resource management, which embraces all stakeholders, is a very important part of project management since it directly affects how these resources people perform to attain project objectives. When resources are well managed, project responsibilities, roles, and relationships are identified the personnel needed to represent on a given project are assigned to the project individuals and groups are trained on project management skills to enhance project surgery and project team members performance is tracked, and conflicts and issues are resolved.The importance of communication cannot be undermined when managing projects. Communication is the platform on which any project runs. The failure or success of a project depends on the way all key elements of a project croak information about that project to each other. With effective project management, which involves information distribution, stakeholder management, communication planning, and performance report, a project manager is able to manage the team members and communicate well with other key elements in a project. Also, with effective communication interface management, whereby reports and status updates, changes, and other project issues, that could affect the execution of a project ar e communicated to the appropriate personnel in a timely manner, project objectives (or goals) would be achieved. However, project managers and team members must understand the importance of creating a good working relationship as project information is communicated. Since the number of communication channels increase with increase in number of people that need to communicate, it is very critical that project managers must develop a good communication and conflict management skills. give care communication, resource, scope, time, cost, insecurity management is very critical to a successful execution of a project. Since risk management is a process in which what may impact a project negatively or positively, it is important that the project manager has appropriate risk plan in place. With the risk plan, approaches and plans for risk management activities for a especial(a) project are decided. The processes involved in risk management are risk monitoring and control, risk identifica tion, risk management planning, quantitative risk analysis, and qualitative risk analysis.Procurement, which is the aspects of project management that involves obtaining goods and serve from outside source or company, includes processes planning purchases and acquisitions, requesting traffickers responses, planning contracting, choose sellers, administering contracts, and closing contracts that are very important to the health of any project. formulate purchases and acquisitions involves a process whereby items to purchase for a project and when needed is determined. In planning purchases and acquisition, the project manager should be involved since the project manager is practically acquainted with what would be needed for the project. However, in requesting seller responses, discover of vendors to consider are identified, and information about their capabilities and monetary values through vendor proposals and price quotes are received. The listing is further narrowed down to a list of companies that meet certain criteria.Plan contracting is another process that involves creating products and services requirements. These products and services are those that are needed for a project execution. The companies or suppliers that would supply these product and services must be identified.Select seller is the process that involves choosing the vendor that meets the criteria set by the company for a particular project. The chosen vendor would provide the product or service that is required for the project.Contract administration is the process that involves managing the relationship with the contracted company. The project manager must work with the vendor, writing and administering the contract, bearing in mind the profound consequences that could occur he does not understand the contract.Contract closure is the process that involves the completion and settlement of all contracts that existed during the project life cycle. The project manager and project t eam will be involved to ensure the completion of the contracted work and to gather lesson knowledgeable during the procurement process.As an IT professional, project management is very critical for IT project execution or completion. The lesson learned from this class is one that would be applied in my future work environment. Planning a project is not for a project manager alone. There are team members, like me, that would be involved in projects that would require me to show what I have learned over the strain of this class. I should be able to contribute to the success of any project for which I would be a project team member. Knowing the project knowledge areas and process groups applying the various project inputs, and adhering to the professional ethical commandment of conduct, would guarantee a litigation-free and successful project execution.